The greenback appreciated against its Asian peers as the minutes from the Fed's previous meeting is awaited by investors and they might give signals on tapering. The U.S. currency rose 0.4% to 90.38 U.S. cents per Aussie and gained 0.5% to 79.40 cents versus its New Zealand counterpart. The greenback climbed 0.4% to 97.64 Japanese Yen.
The Canada's Dollar retreated versus the majority of it counterparts after the central banks of Australia and New Zealand provided signs that steps may be taken to reduce the value of their currencies. The Canadian Dollar weakened 0.4% to C$1.0390 versus the U.S. Dollar at 8:34 a.m., the currency reached C$1.0402, the lowest level since August 8.
Canadian shares advanced, after the largest decline since June yesterday, as an increase in gold manufacturers overshadowed report indicating a drop in the Canada's wholesale sales. The Standard & Poor's/TSX Composite Index inched up 41.99 points to 12,630.01, adding to signs the index has added 1.6% this year.
Gold futures fluctuated around the flat line before the Federal Reserve posts policy-meeting minutes, as India's central bank recently implemented a restriction on gold inbound shipments that could boost a recovery in the Indian bullion purchases. Gold for December settlement declined 80 cents to $1,364.90 per ounce, while silver dropped 1.2% to $22.89 per ounce.
U.S. shares advanced, excluding the Dow Jones, following better-than-forecast earnings data, while the Fed stimulus tapering worries continue in the background. The Standard & Poor's 500 advanced 0.22% to 1,649.69 and the Dow Jones Industrial Average dropped 0.02% to 15,007.94, while the Nasdaq Composite inched up 0.30% to 3,599.93.
Crude oil prices declined in the European afternoon trading session as investor concerns rose before the Fed meeting minutes on Wednesday. North American crude declined 1.28% to $105.49 per barrel, at the same time Brent crude decreased 0.78% to $109.05 per barrel, adding to signs U.S. investment bank Goldman Sachs said that Brent may increase above $115 per barrel in
The 17-nation currency advanced to the session high against the greenback on uncertainty over the Fed's QE tapering. The common currency inched up 0.75% to $1.3435 versus the U.S. Dollar, while the Dollar index dropped 0.38% to 80.921. The Euro inched up 0.61% to 0.8571 against the Sterling and climbed 0.33% to 130.52 versus the Yen.
Production by the Euro block construction companies advanced in the second quarter at the fastest pace in more than two years, helping the Euro area's economy to escape a 18-month decline. Eurostat announced that output by construction companies in the Euro area grew 1% in the April-to-June period, driven by rises of 1.2% in France and 3.9% in Germany.
Japanese shares plummeted, with the Topix index dropping to the lowest level in over seven weeks, after investors sold riskier assets across Asia. Toyota Motor Corporation declined 2.5%, the largest slump since July 29, pushing the Topix lower. The Topix retreated 2.1% to 1,125.27, the lowest level since June 27.
The Swiss currency rose versus its 16 most-traded peers as worries that the Fed will start winding down its monetary stimulus programme next month fueled demand for nation's currency. The Franc appreciated 0.5% to 91.98 centimes versus the greenback as of 11:46 a.m. Zurich time, after adding, the biggest daily move since August 8, while it was at 1.2321 versus
Asian benchmark share index headed towards the biggest fall in two months after investors withdrew from riskier assets across the Asia following worries the U.S. will reduce stimulus, which pushed Treasury yields to the highest level in two years. The MSCI Asia Pacific Index dropped 1.7% to 131.37, with Japanese Topix index falling 2.1%.
Canadian shares plummeted the most since June, as a fall in gold and silver boosted losses in metal producers and energy companies suffered the biggest fall in eight weeks. The Standard & Poor's/TSX Composite Index retreated 148.90 points to 12,588.02. Crude for September settlement dropped 0.3% to $107.10 per barrel.
U.K. 10-year government gilts increased for the first time in seven days after a declined in shares around the world restored demand for the British fixed-income securities. The 10-year yield plummeted four basis points to 2.71% and the 1.75% bond expiring in September 2022 rallied 0.28 to 92.345. The Britain's FTSE 100 index dropped 0.6%.
European stock markets retreated on concerns that the Federal Reserve will start to scale back bond purchases in the next month. The European Euro Stoxx 50 decreased 1.47% to 2,781.67. German DAX dropped 1.17% to 8,268.14, while the French CAC 40 fell 1.53% to 4,021.33 and the British FTSE 100 slipped 0.60% to 6,427.53.
The 17-nation currency advanced versus the greenback as concerns over the Federal Reserve's bond purchase tapering outweighed the lower-than-forecast expansion in German producer prices. The common currency rose 0.28% to $1.3373 against the Dollar and gained 0.16% to 0.8535 against the Sterling, while declined 0.03% to 130.05 versus the Yen.
German 10-year bunds advanced, sending yields lower from nearly 17-month high, as investors expect Euro block's production report and the Federal Reserve meeting minutes later this week for signals on when bond purchases will be reduced. German 10-year bond yield fell four basis points to 1.85% and the 1.5% note maturing in May 2023 gained 0.375 to 96.875.
Silver future prices declined about 2% in an early trade after investors booked profits as the metal touched the highest level in three months yesterday, as well as the uncertainty over stimulus tapering in the U.S. pushed silver lower. Silver plummeted 1.25% to $22.875 per ounce, after reaching $23.150 per ounce in the previous day.
The Japanese Yen appreciated for the first day out of last three versus the greenback as a decline in shares around the world boosted demand for relatively safe Japan's currency. The Japanese currency gained 0.3% to 97.27 per Dollar at 9:43 a.m. in London after climbing to 95.81 on August 8, the highest since June 19, while the Yen trade
The yellow metal dropped for a second straight day and it is set for the first back-to-back decline in 14 days, as there are worries on Fed's stimulus tapering among the investors and commodity's climb lowered its demand. Spot gold slipped 1% to $1,352.08 an ounce, and was at $1,355.70 as of 2:41 p.m. Singapore time, reversing gains of 0.3%.
European shares dropped for a second consecutive day on speculation that the Fed will scale back its monetary stimulus programme in September. The Stoxx Europe 600 Index fell 0.7% to 302.68 as of 8:05 a.m. London time and it has declined 2.6% since May 22. Standard & Poor's 500 Index futures slid 0.1%, while the MSCI Asia Pacific Index slipped
The Aussie depreciated for a second straight day, after its biggest monthly decline, as the Reserve Bank officials said that the movements of the currency will impact their decisions. The Australian Dollar fell 0.76% to 90.40 U.S. cents at 4:59 p.m. Sydney time, after reaching 90.37 earlier, the weakest since August 8, while the Kiwi slipped 1.2% to 79.69 U.S. cents,
The British currency was little changed against the greenback and the common currency as the nation's officials prepares to sell U.K.'s inflation-linked government debt. The Sterling was at $1.5655 by 7:24 a.m. after climbing to $1.5673 on Monday, the strongest since June 19. The Pound traded at 85.26 pence per Euro after touching 85.05 pence on August 15, the highest
The Canadian currency was little changed ahead of retail sales report that is expected to show a drop and before the release of consumer price index. Canada's Dollar fell 0.1% to C$1.0345 per U.S. Dollar as of 5 p.m. Toronto time after depreciating 0.5% previous week. The Loonie was between C$1.0348 and C$1.0316, making it the narrowest range since the
The 17-nation currency was near the highest level in approximately a week ahead of manufacturing and services report that may support the evidence that Eurozone is bouncing off from a year and a half long recession. The shared currency appreciated 0.1% to $1.3349 at 7:01 a.m. London time, after it reached $1.3380 on August 16, while it fell 0.2% to